Owning a home comes with more than just pride—it can also offer some major tax breaks! Here are the top ones to keep on your radar:
🔹 Mortgage Interest
Deduct your mortgage interest up to $750k if you’re filing jointly!
🔹 Home Equity Loan Interest
Use a home equity loan for improvements? You can deduct that interest, too.
🔹 Property Taxes
Deduct up to $10k for property taxes.
🔹 Discount Points
Bought down your mortgage rate? That’s deductible!
🔹 Home Office Expenses
Running a business from home? Deduct the portion of your house you use for work.
🔹 Capital Gains
Keep up to $500k in profits when you sell, tax-free!
🔹 Necessary Improvements
Any medical-related home improvements? Those could qualify for deductions!
Make sure you’re taking advantage of these opportunities come tax season. Always consult a tax professional to maximize your deductions! 💰
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Today is a good day to get started, let’s embark on this exciting journey together. Reach out to Ashe County Realty today, and let our experienced team guide you through the real estate market. Whether it’s a cozy cabin in the mountains or a charming home in town, we will help you find the perfect place to call your own.
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